Nick Kerigan News

27.03 / 07:43

Bank Payment SWIFT planning launch of new central bank digital currency platform in 12-24 months

bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters. The move, which would be one of the most significant yet for the nascent CBDC ecosystem given SWIFT's key role in global banking, is likely to be fine-tuned to when the first major ones are launched.

26.03 / 07:27

CBDC Digital Platform innovations reports testing SWIFT to Launch CBDC Platform in 2025-26: Report

SWIFT, the global messaging network used by banks, service providers, clearinghouses, corporate business houses, brokers, is planning to launch a new platform to connect central bank digital currencies (CBDCs) in the next one to two years, according to a Reuters report citing the firm’s head of innovation, Nick Kerigan.

19.09 / 18:27

Blockchain Citi Provident Platform ANZ audience Sibos 2023: Forging a path to global CBDC interoperability

Swift is in the process of working with central banks and financial institutions on beta tests of an experimental method for interlinking CBDCs with existing fiat infrastructures. The cooperative’s Nick Kerigan argued that interoperability should be front of mind early on in the CBDC development process in order to avoid some of the issues that have been seen with national payment systems. David Ballaschk from the Deutsche Bundesbank and Hariram Chakraborthy Janakiraman from ANZ agreed that we will not see a standard CBDC, and that interoperability is the best that can be hoped for.

06.10 / 13:11

Digital Stocks market HSBC UBS SWIFT Releases Blueprint for Global CBDC Operation

As the majority of the world’s Central Banks are now developing or researching the prospects of Central Bank Digital Currencies (CBDCs), the Society for Worldwide Interbank Financial Telecommunications has detailed how these individual CBDCs can co-exist in a global setting.

02.06 / 16:37

UPS Digital Platform Swift and CapGemini work on CBDC gateway to existing payment networks

This time, in collaboration with Capgemini, the trials will assess how Swift can interlink, at a network level, CBDC platforms regardless of technology, with existing payments systems.“Facilitating interoperability and interlinking between different CBDCs being developed around the world will be critical if we are to fully realise their potential,” says Thomas Zschach, chief innovation officer at Swift. “Today, the global CBDC ecosystem risks becoming fragmented with numerous central banks developing their own digital currencies based on different technologies, standards and protocols.”If left unaddressed, this fragmentation could lead to ‘digital islands’ springing up across the globe, believes Nick Kerigan, head of innovation at Swift.

25.05 / 02:03

UPS Digital Platform Swift and CapGemini work on CBDC gateway to existing payment networks

19.05 / 23:37

Blockchain CBDC Adoption swift network International SWIFT, Capgemini team up to test using the international network for CBDC transfers

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday that it is teaming up with French IT company Capgemini to conduct experiments with cross-border central bank digital currency (CBDC) payments. This is SWIFT’s second research project on CBDC.

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